Pollard Banknote Snaps Up Lottery Firm

Pollard Banknote Limited (CNW Group/Pollard Banknote Limited)

Pollard Banknote Limited has signed an agreement to acquire lottery firm Next Generation Lotteries AS (NGL) for a total consideration of €36 million. The payment will be €32 million up front and €4 million on targets achieved in 2021.

NGL provides lottery services to companies in Spain, Tunisia and Norway, Co‐CEO of Pollard Banknote Doug Pollard said on the deal: “We are thrilled with the NGL team joining Pollard Banknote. NGL will significantly expand our product offering for both retail and ilottery gaming and will be a strong complement to our North American leading joint venture, NeoPollard Interactive LLC.

“The recent worldwide growth seen in 2020 in omnichannel lottery sales, and particularly ilottery, highlights an important opportunity for lotteries around the world. With NGL’s expertise, we look forward to helping our lottery customers in Europe and around the world to increase revenues for the good causes they support.”

Hans Vigmostad, CEO of NGL, commented: “We are excited about the cultural fit between NGL and Pollard Banknote. Lotteries will not only appreciate the great technology we will offer, but also the commitment from our teams to offering the right solutions for our customers.”